Intellectus Partners LLC lifted its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 57.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 119,500 shares of the financial services provider's stock after acquiring an additional 43,500 shares during the period. Intellectus Partners LLC owned approximately 0.26% of BlackRock MuniYield Fund worth $1,242,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tanglewood Legacy Advisors LLC purchased a new stake in BlackRock MuniYield Fund in the fourth quarter worth approximately $47,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 4th quarter valued at $105,000. Simon Quick Advisors LLC bought a new position in shares of BlackRock MuniYield Fund during the 4th quarter valued at $110,000. Wolverine Asset Management LLC grew its holdings in shares of BlackRock MuniYield Fund by 740.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 10,360 shares during the last quarter. Finally, Choreo LLC raised its position in BlackRock MuniYield Fund by 8.5% in the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider's stock worth $132,000 after purchasing an additional 994 shares during the period. 33.77% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Fund Price Performance
NYSE MYD remained flat at $10.65 during trading on Wednesday. 170,934 shares of the company's stock traded hands, compared to its average volume of 143,764. The business's 50-day moving average price is $10.69 and its two-hundred day moving average price is $11.03. BlackRock MuniYield Fund, Inc. has a twelve month low of $10.27 and a twelve month high of $11.74.
BlackRock MuniYield Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend is Friday, March 14th.
About BlackRock MuniYield Fund
(
Free Report)
BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.
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